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2024-07-13 21:23:48 +0300

Bitcoin Bottom Fishers Eye Long-Term Holder Capitulation Signals

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Bloomberg
By Enrique Roces

With Bitcoin down over 70% from its November all-time highs, experts search for signs of a bottom as the staunchest of long-term holders are feeling pressured to halt their selling.

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Bitcoin, the largest digital asset by market value, is hovering around $19,000, down from roughly $69,000 at the end of last year. Longstanding investors spending their coins are locking in a 33% loss, data from Glassnode indicates.

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